Connecticut Innovations Auditing RFP FY25 -27

Connecticut Innovations has issued a Request for Proposal (RFP) for comprehensive annual auditing services for two specific entities: Connecticut Innovations (CI) and the Connecticut Bioscience Innovation Fund. The procurement seeks an independent auditor to perform annual financial audits for three consecutive fiscal years ending June 30, 2025, 2026, and 2027. The audits must be conducted in strict accordance with Generally Accepted Auditing Standards and Government Auditing Standards, requiring a professional auditing firm with expertise in governmental and financial reporting. The solicitation opened on March 1, 2025, with proposals due by March 12, 2025, at 3:00 PM EDT. All communications regarding the RFP must be exclusively directed to Philip B. Siuta, Chief Financial Officer, via email at philip.siuta@ctinnovations.com. Vendors must submit comprehensive audit proposals that include detailed methodologies, team qualifications, and approach to conducting thorough financial examinations of these innovation-focused organizations.

The RFP does not explicitly specify set-aside designations or restrictions on vendor participation, indicating that all qualified auditing firms are eligible to submit proposals. No information is provided about incumbent vendors or existing contractual arrangements. The document does not disclose a specific budget range or total contract value for the auditing services. Potential respondents should be prepared to demonstrate extensive experience in governmental and innovation sector financial auditing, with a proven track record of conducting complex financial reviews for public and quasi-public entities. The successful vendor will be expected to provide comprehensive audit reports that offer transparent and detailed financial insights into Connecticut Innovations and the Connecticut Bioscience Innovation Fund. While specific evaluation criteria are not explicitly outlined in the available documentation, typical considerations for such procurements would likely include the firm's technical expertise, relevant experience, proposed audit approach, team qualifications, and cost competitiveness.